The Romanian real estate market recorded good results in the first half of 2019, with activity on office and investment segments getting more dynamic than that of some CEE peers. With the full-year GDP expansion figure likely to top 4%, Romania also remains an outlier in terms of economic performance when compared to other CEE economies. According to Colliers International Romania, there is a favourable perspective for the Romanian real estate market that could be maintained by year-end.

Joki Sp. z o.o. - a subsidiary of Marvipol Development - has finalized the purchase of a plot of around ​​2.6 ha, located on Bokserska Street in Warsaw. The transaction value is €12.44 million (PLN 54.3 million). The sale process was organized by experts from the international advisory firm JLL representing the vendor.a

Following the acquisition of the Warsaw Spire Tower high-rise, Immofinanz is taking a further step to optimise its office portfolio in Warsaw. A new multifunctional concept was prepared for the EMPARK office location, which originally covered 117,000 sqm of rentable space, to meet the demand for mixed-use through the inclusion of residential and commercial areas. Immofinanz plans to concentrate on the management and further modernisation of the four EMPARK office buildings, while the section designated for housing will be sold to the Polish developer Echo Investment.

Over recent years, Romania has become one of Central Eastern Europe’s most attractive regions to start operations in. According to research by JLL, by the end of 2020 the country is expected to become the second largest economy in the CEE and continues to attract investors from all over the world – not only from Europe, but also those from South Africa, the USA and China.

According to Cushman & Wakefield’s latest DNA of Real Estate Q2 2019 report, the European logistics sector continues to perform strongly with strong rental growth and investor demand driving down yield by 2bps, whereas yields in the European office and retail sectors remained flat.

The investment volume in H1 2019 amounted to almost €410 million on the Romanian market, a 6% increase compared to the similar period of last year, when the corresponding figure for investment transactions was of €386 million, according to Cushman & Wakefield Echinox calculations and estimates.

The valuation team of Cresa Poland advised Colas, part of the Bouygues Group, on their acquisition of 11 asphalt plants from Skanska. 

Flow volume into the CEE-6 commercial real estate markets picked up in Q2 2019, registering a cycle-high €3.3 billion for the quarter. Following on from the weaker Q1, H1 2019 volumes at €5.5 billion were thus just -3% down on H1 2018’s record, according to Colliers International's latest report.

Bulgaria marks the seventh country in which CTP opens operations, stretching the company's portfolio from the German border to the Black Sea.

Flow volume into the CEE-6 commercial real estate markets picked up in Q2 2019, registering a cycle-high €3.3 billion for the quarter. Following on from the weaker Q1, H1 2019 volumes at €5.5 billion were thus just -3% down on H1 2018’s record, according to Colliers International's data.